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FBT on petrol expenses

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(Querist)
28 August 2009 Dear Sir

We are paying Rs.3000/- to our 4 employees against reimbursement of petrol expenses. It is a part of their salary. Before this budget we paid FBT on the same, but after the budget FBT is abolished. Then my query is that now we are not paying FBT on it, then is that reimbursement is taxable in the hands of employee? We need to deduct a TDS on it or not?
All employees are submitting petrol expense bills for reibursement every month.

Regards
Anil
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Hiren Bhatt

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Hiren Bhatt (Expert)
28 August 2009 For all perquisites/reimbursements attracting attracting FBT, it is advisable to wait till the Govt. comes with new rules for their taxability. So, wait and watch!
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